Aggregate Economic performance in Nigeria for the past three decades had been poor and disappointing in contrast to the robust economic performance of other developing countries. For instance Nigerias Real Per capita GDP in 1995 was 260 dollars almost the same as it was in 1972 despite huge investment in the private and public sectors of the economy while the Real Per capita GDP OF South Korea was 3,890 dollars in 1995. Nigerians are poorer today than they were in the 1960s and 1970.s. The study disaggregated capital accumulation into public, foreign and domestic private and empirically...